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Alibaba Group Announces December Quarter 2017 Results

February 1, 2018 6:37 AM EST

HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended December 31, 2017.

Alibaba had another great quarter driven by the continued strength of the Chinese consumer and the wide and innovative range of services we provide for merchants and consumers, said Daniel Zhang, Chief Executive Officer of Alibaba Group. We are excited by the continued momentum in New Retail, which came to life during another record-breaking 11.11 Global Shopping Festival. We expanded the scale and footprint of our New Retail initiatives with the vision of delivering... More